Re: Confused about motor oil prices
Most station owners I know pay COD on fuel. It prices are expected to rise they will charge more. When the 10,000 gals of higher priced fuel arrives they will have the money to cover it with profits not realized on cheaper fuel. The problem compounds with price, if the new price jumps say 50¢ a gallon and your load is 10K that alone means you have to come up with $5,000 dollars and you will dig deep to get it or no gas.
It works on both the upswing and downswing so it kind of comes out in the wash.
Just my take, the independent station owners I know aren't getting rich, but they do get by.
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Mike Stitt
"A business that make nothing but money is a poor business."
-Henry Ford
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